Posts in category Business Standard
NSE SME IPO of Purv Flexipack subscribed 38.32 times (27-02-2024)
The offer received bids for 21.70 crore shares as against 56.64 lakh shares on offer.
Hong Kong Market gains 0.94% (27-02-2024)
Market participants are awaiting authorities' next policy move as the National People's Congress begins its annual meeting on March 5. Key topics to monitor include discussions about the governments "new model" for the property sector, local government financing and fiscal reforms, as well as other demand-side stimulus such as support to consumption
Exicom Telesystems IPO subscribed 10.01 times (27-02-2024)
The offer received bids for 18.23 crore shares as against 1.82 crore shares on offer.
Platinum Industries IPO subscribed 8.04 times (27-02-2024)
The offer received bids for 7.74 crore shares as against 96.32 lakh shares on offer.
DCM Shriram jumps after board OKs to foray into chemical business (27-02-2024)
DCM Shriram added 2.35% to Rs 1002.05 after the company's board approved for the entry of its chemicals business into the domain of Advanced Materials by investing into Epoxy and value added products.
Titan Company to acquire balance stake in CaratLane (27-02-2024)
As on date, CaratLane is a subsidiary of the Company wherein the Company hold 99.64% of the total paid up capital of CaratLane. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly owned subsidiary of the Company.
GE T&D India wins orders of Rs 370 cr from Power Grid (27-02-2024)
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Nifty February futures trade at discount (27-02-2024)
HDFC Bank, ICICI Bank and Reliance Industries were the top contracts
PVR Inox reopens iconic Sangam Cinema in Andheri East, Mumbai (27-02-2024)
The new multiplex augments PVR INOX presence in Mumbai with 25 properties and 123 screens.
‘Single manager for commodity, overseas funds to cut costs for MFs’ (27-02-2024)
Markets regulator Sebi's proposal of allowing mutual fund houses to have a single fund manager to oversee commodity and foreign investments is aimed at reducing the cost of managing the fund, a top official of Anand Rathi Wealth said on Tuesday.
Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs).
In the draft paper, the regulator suggested appointing a single fund manager for domestic and overseas/commodity funds, relaxation of nomination requirement for joint holders and streamlining of prudential norms for passive schemes with respect to exposure to a single issuer within the AMC's group companies.
This came after the Finance Minister in the FY24 Budget made an announcement to simplify, ease and reduce cost of compliance for participants in the financial sector through a consultative approach.
"The appointment of a single fund manager for domestic and overseas/commodity funds is intended to reduce the co